Michael Latifi
$3.47B
$2.4M (0.1%)
as of 04/18/25
About Michael Latifi
Michael Latifi is the founder and owner of Sofina Foods, a $4.7 billion (estimated revenue) meat processing giant based in Canada.
He bought a 10% stake in McLaren's Formula 1 team in 2018 for about $270 million.
Latifi was born in Iran but his family left Iran for Canada when he was a teenager; his first job was flipping burgers at a McDonald's.
Today, the Markham, Canada-based Sofina Foods owns prominent brands like Lilydale, Mastro and Janes, and has more than 13,000 employees worldwide.
Personal stats
Citizenship
CanadaSource of wealth
Meat processingResidence
Toronto, CanadaBirth date
10/22/62 (age 62)Self-made
self-madeMichael Latifi’s fortune is worth
58K
troy ounces of gold
53K
median U.S. household
35K
median U.S. income
0.069%
U.S. credit card volume
0.014%
GDP of the United States
0.01%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
Michael Latifi's son, Nicholas Latifi, drove for the Williams F1 team between 2019 and 2022. He left to attend London Business School.
Net worth over time
Real-time ranking
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